Buy L&T Finance Holdings, target Rs 108: Nirav Chheda

Nirav Chheda of Nirmal Bang Securities has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 108.0 . The current market price of L&T Finance Holdings Ltd. is Rs 99.9 Time period given by analyst is Intra Day when L&T Finance Holdings Ltd. price can reach the defined target. Nirav Chheda recommended to keep stoploss at Rs 96. L&T Finance Holdings Ltd., incorporated in 2008, has a market cap of Rs 19985.07 crore.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 343.79 Crore to Sales Value (71.30 % of Total Sales), Interest which contributed Rs 137.94 Crore to Sales Value (28.61 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs .38 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3611.31 Crore, up .47 % from last quarter Sales of Rs 3594.54 Crore and up 11.24 % from last year same quarter Sales of Rs 3246.30 Crore Company has reported net profit after tax of Rs 174.51 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Rajani Gupte, Mr.B Prabhakar, Mr.Dinanath Dubhashi, Mr.P V Bhide, Mr.Pavninder Singh, Mr.R Shankar Raman, Mr.S V Haribhakti, Mr.T Thomas Mathew, Ms.Nishi Vasudeva. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2019, the company has a total of 2,000,480,460 shares outstanding.